Silver One Announces Oversubscribed and Upsized $32 Million Private Placement Financing
Silver One Announces Oversubscribed and
Upsized $32 Million Private Placement
Financing
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Silver One Resources Inc. (TSXV:
SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce that as a
result of strong investor demand, the Company has increased the size of its previously announced non-
brokered private placement financing (see news release dated January 13, 2026). The Company will
issue up to 55,173,000 units of the Company (the "Units") at a price of $0.58 per Unit for aggregate
gross proceeds of $32,000,340 (the "Offering"). The Company has closed the order book and does not
expect to increase the Offering further.
Each Unit will consist of one (1) common share ("Share") and one-half (1/2) of one common share
purchase warrant ("Warrant"), with each whole Warrant entitling the holder to purchase one (1) additional
common share (a "Warrant Share") at $0.80 per Warrant Share for a period of three years from the date
of issue.
The Units will be offered pursuant to Part 5A of National Instrument 45-106 -
Prospectus Exemptions
, as
amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed
Issuer Financing Exemption, to purchasers resident in Canada (other than the province of Quebec), and
in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant
prospectus and registration exemptions in accordance with applicable laws.
The securities issued under
the Offering to Canadian subscribers will not be subject to a hold period in Canada.
The Company may pay finders' fees in connection with the Offering as permitted by applicable securities
laws and the rules of the TSX Venture Exchange.
There is an amended and restated offering document related to the Offering (the "
Amended and
Restated Offering Document
") that can be accessed under the Company's profile at
www.sedarplus.ca
and on the Company's website at
www.silverone.com
.
Prospective investors should
read the Amended and Restated Offering Document before making an investment decision.
The net proceeds of the Offering will be used on (i) its drilling program at the Candelaria Project; (ii)
certain exploration and geophysics work at its mineral properties; (iii) metallurgical and environmental
work at the Candelaria Project, (iv) preparing a pre-feasibility study on the Candelaria Project; (v) annual
mineral claim payments to the Bureau of Land Management; (vi) exploration drilling at the Company's
mineral properties and (vii) general working capital purposes.
Closing of the Offering may occur in one or more tranches as determined by the Company.
Closing is
expected within three weeks or such other date as the Company may determine and is subject to the
approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be
any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be
unlawful, including the United States of America. The securities being offered as part of the Offering have
not been, and will not be, registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the
United States except in compliance with the registration requirements of the U.S. Securities Act and any
applicable state securities laws, or pursuant to available exemptions therefrom.
About Silver One
Silver One is focused on the exploration and development of quality silver projects.
The Company holds
a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada.
Potential
reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible
near-term production.
Additional opportunities lie in previously identified high-grade silver intercepts
down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-
producing open pits.
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire
five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-
copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very
high-grade native silver prospect that lies within the "Arizona Silver Belt", immediately adjacent to the
prolific copper producing area of Globe, Arizona.
For more information, please contact:
Silver One Resources Inc.
Gary Lindsey - VP, Investor Relations
Phone: 604-974-5274
Mobile:
(720) 273-6224
Email:
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver
One cautions that all forward-looking statements are inherently uncertain, and that actual performance
may be affected by a number of material factors, many of which are beyond Silver One's control. Such
factors include, among other things: risks and uncertainties relating to Silver One's limited operating
history, ability to obtain sufficient financing to carry out its exploration and development objectives on its
mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with
environmental and governmental regulations. Accordingly, actual and future events, conditions and
results may differ materially from the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required under applicable securities legislation,
Silver One undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/280416